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By March 2018, KazMunayGaz's international business, KMGI, owned
Petromidia (Rompetrol Rafinare), which in turn operated the biggest refinery in Romania, as well as Romanian gas stations as well as in other countries. Also in March 2018, it was reported that a deal for KazzMunayGaz to sell a majority
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acquired 75% of the
Rompetrol shares from Rompetrol Holding Switzerland, and the remaining 25% stake in Rompetrol in 2009. In 2008, Rompetrol and KazMunayGas launched Media Marine Terminal for crude oil in the Media Black Sea port. In August 2009, Rompetrol opened its first two fuel stations on the
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In 2002, Rompetrol opened subsidiaries in neighboring
Moldova (Rompetrol Moldova) and Bulgaria (Rompetrol Bulgaria). The following year, in Romania, Rompetrol started to expand its gas station network. As part of its strategy, the company unified the quality standards for its entire petrol station
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On March 6 or 7, 2022, according to a note to investors, Rompetrol faced a "complex cyber attack," although it stated operations at the
Petromidia refinery were not affected. In May 2022, Rompetrol was the largest company in Georgia's fuel market. Its network of gas stations operated in Georgia,
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In 2014, the
Rompetrol Group N.V. was renamed into KMG International N.V. as part of a strategy to promote the brand KazMunayGas. Although the name was changed into KMG International, the Rompetrol brand continues to be used in the distribution segment of the entire company. The company's retail
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S.A., was also
Romania's largest and most sophisticated oil refinery. Rompetrol committed itself to a sustained modernization process to make Petromidia a state-of-the-art facility in Eastern and Central Europe. In 2001, Rompetrol created Rominserv S.A., Romania's first Engineering Procurement
274:). In 2004, Rompetrol Rafinare S.A. was listed on the Bucharest Stock Exchange (BVB). In 2005, Rompetrol started operations in Georgia and announced the acquisition of 100% of the French company Dyneff S.A. In 2006, Rompetrol opened a subsidiary in Ukraine (Rompetrol Ukraine).
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after dropping 4.6% at the news. Previously, the deal to sell 51% of the company had been agreed on in
December 2016, with the deal still on in early March 2018 despite the chairman of CEFC being under investigation for suspected economic crimes.
226:, thus increasing company capital and contributing into a substantial turnover growth. In 1999, the company's new holding was established as The Rompetrol Group N.V.(TRG) in the Netherlands. The new group made its first major acquisition:
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and KazMunayGaz agreed for CEFC China Energy to take over 51% stake in KMG International, the former
Rompetrol Group, but by July 2018 the deal fell apart due to the difficult financial situation of the Chinese company.
206:. It also markets and distributes refined petroleum products through its chain of gasoline and diesel fuel stations. Established as a state-owned company in 1974, it was privatized in 1993 and became a subsidiary of
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Construction & Maintenance (EPCM) company focused on the oil industry. In 2002, the
Petromedia refinery resumed its petrochemicals production under the management of the newly-founded Rompetrol Petrochemicals.
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The company was privatized in 1993 through a
Management and Employee Buyout (MEBO), and turnover subsequently reduced to below $ 6 million by 1998. In 1998, Rompetrol was purchased by a local investor group led by
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network that operates under the “Rompetrol” brand incorporates over 1,100 fuel distribution points in Romania, Georgia, Bulgaria, Moldova, in France and Spain, where the company operates also under Dyneff brand.
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After having a loss of USD$ 129 million in 2021, Rompetrol Rafinare had a profit of USD$ 90 million in 2022. It was the largest refinery in Romania at that time, and was controlled by KazMunaygas through
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restaurants in its gas stations on the A1 highway in Romania. They were the first KFC restaurants in Rompetrol stations through a franchise system operated by Sphera Franchise Group.
289:(RG Petrol A.S.). The Petromidia refinery modernization process was completed in 2012 following an investment of US$ 380 million. A new filling station concept was launched in 2013.
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In 2009, the company decided to outsource its IT needs but contracted only a single outsourcer with a multimillion dollar deal. In 2010-2011, Rompetrol was established in
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network. To expand its network and make the process of distributing fuel easier, Rompetrol created a network of oil depots in various regions of the country (
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In 2000, Rompetrol took over Petros (renamed Rompetrol Well Services), then Romania's principal oilfield operator. The Group's largest acquisition,
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363:"KazMunayGas and Rompetrol Holding SA Announce the Acquisition by KazMunayGas of a 75% Interest in The Rompetrol Group NV"
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in 2007. It has operations in 12 countries, where it is known as The Rompetrol Group N.V.
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Rompetrol was established in 1974 as the operator of the Romanian oil industry.
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In May 2017, Rompetrol invested $ 10 millions to develop hybrid gas stations.
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KazMunayGaz deal to sell stake in Romanian arm to China's CEFC falls apart
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Romania's Rompetrol to invest $ 10 mln in hybrid gas stations by end-2017
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A2 motorway in Romania, designed as the new premium brand of the group
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Romania's largest refinery Rompetrol turned to profit last year
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KazMunayGaz deal to sell Rompetrol to China's CEFC falls apart
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KFC opens restaurants in Rompetrol gas stations in Romania
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Romania, the Republic of Moldova, Bulgaria, and Georgia.
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Romania's largest refinery Petromidia under cyberattack
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Rompetrol turns into leading fuel supplier in Georgia
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49:. Unsourced material may be challenged and removed.
767:Companies listed on the Bucharest Stock Exchange
549:Rompetrol opens first KFC restaurants in Romania
395:Virtual Engineers Could Transform IT Outsourcing
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202:development, producer, and refiner based in
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381:"Rompetrol deschide prima benzinărie Litro"
365:. Rompetrol. 27 August 2007. Archived from
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109:Learn how and when to remove this message
329:. In March 2023, Rompetrol opened three
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475:Chirileasa, Andrei (March 8, 2022),
47:adding citations to reliable sources
499:Chirilieasa, Andrei (May 6, 2022),
277:In August 2007, the Kazakh company
448:Melenciuc, Sorin (March 7, 2018),
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757:Oil and gas companies of Romania
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570:Marica, Irina (March 9, 2023),
523:Ernst, Lulian (March 1, 2023),
34:needs additional citations for
552:, Petrol Plaza, March 10, 2023
410:Chen Aizhu, Mariya Gordeyeva,
188:Rompetrol.kmginternational.com
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676:BRD – Groupe Société Générale
762:Companies based in Bucharest
16:Romanian oil and gas company
343:List of petroleum companies
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383:. Capital. 26 August 2009.
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736:Bucharest Stock Exchange
314:Bucharest Stock Exchange
308:stake in Rompetrol to
706:One United Properties
598:Rompetrol Group N.V.
43:improve this article
691:Digi Communications
656:Fondul Proprietatea
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661:Banca Transilvania
393:Stephanie Overby,
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529:, Romania Insider
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427:Nicoleta Bănilă,
327:KMG International
298:CEFC China Energy
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54:Find sources:
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32:This article
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721:Alro Slatina
578:, retrieved
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41:Please help
36:verification
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433:Seenews.com
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279:KazMunayGas
137:Area served
58:"Rompetrol"
751:Categories
349:References
239:Petromidia
161:Key people
99:March 2016
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711:TeraPlast
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337:See also
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45:by
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